Analysts predict that Asante Solutions Inc (NASDAQ:PUMP) will announce earnings of $0.14 per share for the current quarter, according to Zacks. Twenty One analysts have made estimates for Asante Solutions’ earnings. The highest EPS estimate is $0.37 and the lowest is ($0.02). Asante Solutions posted earnings per share of $0.59 in the same quarter last year, which indicates a negative year-over-year growth rate of 76.3%. The business is scheduled to announce its next earnings results on Tuesday, February 25th.
According to Zacks, analysts expect that Asante Solutions will report full year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.32 to $1.72. For the next financial year, analysts expect that the business will report earnings of $1.13 per share, with EPS estimates ranging from $0.25 to $2.18. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Asante Solutions.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.15). The firm had revenue of $541.85 million for the quarter, compared to analyst estimates of $509.17 million. During the same quarter in the previous year, the company earned $0.53 EPS. Asante Solutions’s revenue was up 24.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Quadrant L P CA grew its position in shares of Asante Solutions by 1,276.4% during the third quarter. First Quadrant L P CA now owns 14,700 shares of the company’s stock worth $134,000 after purchasing an additional 13,632 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in Asante Solutions by 11.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 26,387 shares of the company’s stock valued at $240,000 after purchasing an additional 2,772 shares during the period. Dupont Capital Management Corp raised its stake in Asante Solutions by 63.6% during the 3rd quarter. Dupont Capital Management Corp now owns 33,121 shares of the company’s stock valued at $301,000 after purchasing an additional 12,874 shares during the period. Paloma Partners Management Co purchased a new position in Asante Solutions in the 2nd quarter worth approximately $317,000. Finally, IHT Wealth Management LLC purchased a new position in Asante Solutions in the 2nd quarter worth approximately $334,000.
Asante Solutions stock traded up $0.62 during trading on Friday, reaching $9.44. The company had a trading volume of 1,953,532 shares, compared to its average volume of 1,663,982. Asante Solutions has a 52 week low of $7.07 and a 52 week high of $25.38. The firm’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $13.23.
About Asante Solutions
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
Recommended Story: What is a Reverse Stock Split?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Asante Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asante Solutions and related companies with MarketBeat.com's FREE daily email newsletter.